Looking for a new apartment but aiming to keep costs to a minimum? 

From sea-view homes to town centre apartments, there are a variety of options on the market at the moment. 

We’ve rounded up some of the cheapest new property listings on the Isle of Man - all costing £160,000 or less. 

Hawarden Avenue, Douglas - £105,000

cheapest iom
The property is close to Douglas town centre. (Chrystals)

This first floor apartment is a short walk from Douglas town centre and is “perfect” for investors and first time buyers. 

The accommodation comprises a bright and airy reception room, a fitted kitchen, a utility room, a bedroom and a bathroom. 

Outside, the property also benefits from a communal courtyard area and a private storage shed. 

Hope Street, Ramsey - £120,000

cheapest iom
The flat is on the ground floor. (Chrystals)

This ground floor flat has its own private entrance and is in a central location close to Mooragh Park. 

Inside, there is an entrance hall, a lounge with a feature bay window, a fitted kitchen and dining area, a double bedroom and a bathroom. 

The flat also has a private courtyard and access to a communal garden at the rear of the property. 

Royal Avenue West, Onchan - £125,000

cheapest iom
The property sits in an end-terrace building. (Black Grace Cowley)

This first floor apartment was refurbished four years ago and sits within an end-of-terrace block. 

The property comprises an entrance hall, a lounge, a modern fitted kitchen, a double bedroom and a bathroom. 

There is also a communal area and the property benefits from an active management company. 

Berryswoods Grove, Governor’s Hill - £149,950

cheapest iom
The apartment is on the top floor. (Deanwood)

This top floor apartment is purpose-built and is described as “well-maintained” throughout. 

The accommodation includes an open plan kitchen and living room, a bedroom, a bathroom and two storage cupboards. 

The property also benefits from views over a lake and communal gardens to the front and rear. 

Central Apartments, Douglas - £159,950

cheapest iom
The apartment benefits from sea views. (Garforth Gray)

This second-floor apartment is centrally located in a promenade location, and could be a “perfect” lock-up-and-leave property. 

Inside, there is an entrance hall, a living and dining room with a bay window, a kitchen, a bedroom and a bathroom. 

The property has a gated secured parking space, and benefits from sea views.